How does Super work?

Superannuation is an investment vehicle designed to provide money for your retirement. You benefit from:

  • You save regularly over many years
  • Your savings are invested to help your money grow
  • Your money is generally taxed at a lower rate than other forms of investments.

Industry funds such as Statewide focus on keeping fees and charges to a minimum and maximising your savings so you can do all the things you've dreamt of in your retirement.

Employer contributions
Your employer will pay superannuation contributions on your behalf unless you are exempt or self-employed. This contribution is called the superannuation guarantee. If you are eligible, your employer's compulsory contributions must be equivalent to at least 9% of your earnings.  For example, if you earn $40,000 a year, your employer will put at least $3,600 a year, or $300 a month, into your superannuation.

Personal contributions
You can also make personal contributions to your superannuation. If you make contributions from your after tax income, you may be eligible for the Government co-contribution. 

Read about how workers won the right to superannuation.

Superannuation funds not only manage your super while you're working, they can also help manage your money once you retire. Super funds such as Statewide have products that can provide you with a retirement income stream and keep your savings in a low-fee and tax-effective environment.

Pension Seminars
Statewide hosts free and informative retirement planning seminars which outline the pension options available to you. The seminars include information on Centrelink treatment, tax issues and beneficiary options.  

Transition to Retirement
ransition to retirement accounts may suit you if you are still working but want to reduce your work commitments while maintaining your income level.

Provided you comply with certain criteria, you may be able to convert your superannuation to a transition to retirement pension. This enables you to receive regular payments from your super savings to supplement your other income.

Account Based Pension
Account based pension accounts allow you to invest your superannuation benefits to create a regular 'pay cheque' paid weekly, fortnightly, monthly or even quarterly, half-yearly or annually.



AustralianSuper manages $233 billion in assets on behalf of 2.45 million members – this makes us Australia’s largest super fund (as of 30 June 2021).

It’s our role to look after the financial wellbeing of our members, from the start of their career through to retirement.  Here’s how:

  • We’re run only for members — we don’t pay profits or dividends to shareholders, so the money we make goes back into the fund.
  • We use our size and scale to secure competitive fees and insurance costs, and invest for members like no other fund can.
  • We’re committed to providing members with strong long-term returns to maximise their retirement savings.

See how AustralianSuper compares at

Sponsored by AustralianSuper Pty Ltd ABN 94 006 457 987, AFSL 233788, Trustee of AustralianSuper ABN 65 714 394 898. This information may be general financial advice which doesn’t take into account your personal objectives, situation or needs. Before making a decision about AustralianSuper, you should think about your financial requirements and refer to the relevant Product Disclosure Statement, available at A Target Market Determination (TMD) is a document that outlines the target market a product has been designed for. Find the TMDs at